KELLANOVA (KEL.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:KEL - US4878361082 - Common Stock
66.24 EUR
+0.84 (+1.28%)
We assign a fundamental rating of 5 out of 10 to KEL. KEL was compared to 59 industry peers in the Food Products industry. While KEL has a great profitability rating, there are quite some concerns on its financial health. KEL is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
KEL had positive earnings in the past year.
KEL had a positive operating cash flow in the past year.
Each year in the past 5 years KEL has been profitable.
KEL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
KEL has a Return On Assets of 8.41%. This is amongst the best in the industry. KEL outperforms 82.76% of its industry peers.
KEL has a Return On Equity of 32.49%. This is amongst the best in the industry. KEL outperforms 91.38% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.24%, KEL belongs to the top of the industry, outperforming 87.93% of the companies in the same industry.
KEL had an Average Return On Invested Capital over the past 3 years of 11.99%. This is significantly above the industry average of 6.47%.
The 3 year average ROIC (11.99%) for KEL is below the current ROIC(13.24%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.41% | ||
| ROE | 32.49% | ||
| ROIC | 13.24% |
ROA(3y)6.62%
ROA(5y)7%
ROE(3y)29.96%
ROE(5y)34.02%
ROIC(3y)11.99%
ROIC(5y)11.58%
1.3 Margins
KEL has a Profit Margin of 10.56%. This is in the better half of the industry: KEL outperforms 77.59% of its industry peers.
KEL's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 15.05%, KEL belongs to the top of the industry, outperforming 84.48% of the companies in the same industry.
In the last couple of years the Operating Margin of KEL has grown nicely.
KEL has a Gross Margin of 35.99%. This is comparable to the rest of the industry: KEL outperforms 44.83% of its industry peers.
KEL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.05% | ||
| PM (TTM) | 10.56% | ||
| GM | 35.99% |
OM growth 3Y5.23%
OM growth 5Y6.89%
PM growth 3Y0.13%
PM growth 5Y8.3%
GM growth 3Y3.3%
GM growth 5Y2.28%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KEL is creating some value.
The number of shares outstanding for KEL has been increased compared to 1 year ago.
Compared to 5 years ago, KEL has more shares outstanding
The debt/assets ratio for KEL has been reduced compared to a year ago.
2.2 Solvency
KEL has an Altman-Z score of 3.29. This indicates that KEL is financially healthy and has little risk of bankruptcy at the moment.
KEL has a Altman-Z score of 3.29. This is in the better half of the industry: KEL outperforms 79.31% of its industry peers.
KEL has a debt to FCF ratio of 9.04. This is a negative value and a sign of low solvency as KEL would need 9.04 years to pay back of all of its debts.
KEL's Debt to FCF ratio of 9.04 is in line compared to the rest of the industry. KEL outperforms 46.55% of its industry peers.
KEL has a Debt/Equity ratio of 1.25. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of KEL (1.25) is worse than 79.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 9.04 | ||
| Altman-Z | 3.29 |
ROIC/WACC1.69
WACC7.83%
2.3 Liquidity
A Current Ratio of 0.68 indicates that KEL may have some problems paying its short term obligations.
KEL has a worse Current ratio (0.68) than 87.93% of its industry peers.
KEL has a Quick Ratio of 0.68. This is a bad value and indicates that KEL is not financially healthy enough and could expect problems in meeting its short term obligations.
KEL has a Quick ratio of 0.45. This is in the lower half of the industry: KEL underperforms 77.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.45 |
3. Growth
3.1 Past
KEL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.18%.
KEL shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.46% yearly.
Looking at the last year, KEL shows a quite strong growth in Revenue. The Revenue has grown by 10.71% in the last year.
Measured over the past years, KEL shows a decrease in Revenue. The Revenue has been decreasing by -1.25% on average per year.
EPS 1Y (TTM)-4.18%
EPS 3Y-2.63%
EPS 5Y-0.46%
EPS Q2Q%-6.93%
Revenue 1Y (TTM)10.71%
Revenue growth 3Y-3.49%
Revenue growth 5Y-1.25%
Sales Q2Q%0.34%
3.2 Future
Based on estimates for the next years, KEL will show a small growth in Earnings Per Share. The EPS will grow by 4.29% on average per year.
KEL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.11% yearly.
EPS Next Y-3.98%
EPS Next 2Y0.05%
EPS Next 3Y1.34%
EPS Next 5Y4.29%
Revenue Next Year0.08%
Revenue Next 2Y1.19%
Revenue Next 3Y1.64%
Revenue Next 5Y2.11%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 21.16 indicates a rather expensive valuation of KEL.
Based on the Price/Earnings ratio, KEL is valued a bit more expensive than 62.07% of the companies in the same industry.
KEL is valuated rather cheaply when we compare the Price/Earnings ratio to 26.49, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 20.17 indicates a rather expensive valuation of KEL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KEL indicates a slightly more expensive valuation: KEL is more expensive than 63.79% of the companies listed in the same industry.
KEL is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.16 | ||
| Fwd PE | 20.17 |
4.2 Price Multiples
68.97% of the companies in the same industry are cheaper than KEL, based on the Enterprise Value to EBITDA ratio.
KEL's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.61 | ||
| EV/EBITDA | 13.99 |
4.3 Compensation for Growth
The excellent profitability rating of KEL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.05%
EPS Next 3Y1.34%
5. Dividend
5.1 Amount
KEL has a Yearly Dividend Yield of 2.81%. Purely for dividend investing, there may be better candidates out there.
KEL's Dividend Yield is a higher than the industry average which is at 3.35.
KEL's Dividend Yield is a higher than the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.81% |
5.2 History
The dividend of KEL has a limited annual growth rate of 1.51%.
Dividend Growth(5Y)1.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
KEL pays out 59.03% of its income as dividend. This is a bit on the high side, but may be sustainable.
KEL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP59.03%
EPS Next 2Y0.05%
EPS Next 3Y1.34%
FRA:KEL (9/25/2025, 7:00:00 PM)
66.24
+0.84 (+1.28%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners84.18%
Inst Owner ChangeN/A
Ins Owners0.44%
Ins Owner ChangeN/A
Market Cap23.05B
Revenue(TTM)12.64B
Net Income(TTM)1.33B
Analysts54.29
Price Target72.25 (9.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.81% |
Yearly Dividend1.93
Dividend Growth(5Y)1.51%
DP59.03%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.7%
Min EPS beat(2)-12.53%
Max EPS beat(2)-6.87%
EPS beat(4)2
Avg EPS beat(4)-1.39%
Min EPS beat(4)-12.53%
Max EPS beat(4)8.62%
EPS beat(8)6
Avg EPS beat(8)5.6%
EPS beat(12)10
Avg EPS beat(12)6.19%
EPS beat(16)14
Avg EPS beat(16)7.38%
Revenue beat(2)0
Avg Revenue beat(2)-3.24%
Min Revenue beat(2)-4.93%
Max Revenue beat(2)-1.54%
Revenue beat(4)1
Avg Revenue beat(4)-1.84%
Min Revenue beat(4)-4.93%
Max Revenue beat(4)0.37%
Revenue beat(8)3
Avg Revenue beat(8)-0.13%
Revenue beat(12)6
Avg Revenue beat(12)0.14%
Revenue beat(16)9
Avg Revenue beat(16)0.33%
PT rev (1m)-1.35%
PT rev (3m)-2.6%
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)-4.41%
EPS NY rev (1m)0.27%
EPS NY rev (3m)-4.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.69%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.16 | ||
| Fwd PE | 20.17 | ||
| P/S | 2.14 | ||
| P/FCF | 41.61 | ||
| P/OCF | 20.73 | ||
| P/B | 6.58 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.99 |
EPS(TTM)3.13
EY4.73%
EPS(NY)3.28
Fwd EY4.96%
FCF(TTM)1.59
FCFY2.4%
OCF(TTM)3.2
OCFY4.82%
SpS30.96
BVpS10.06
TBVpS-6.77
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.41% | ||
| ROE | 32.49% | ||
| ROCE | 18.15% | ||
| ROIC | 13.24% | ||
| ROICexc | 13.67% | ||
| ROICexgc | 36.94% | ||
| OM | 15.05% | ||
| PM (TTM) | 10.56% | ||
| GM | 35.99% | ||
| FCFM | 5.14% |
ROA(3y)6.62%
ROA(5y)7%
ROE(3y)29.96%
ROE(5y)34.02%
ROIC(3y)11.99%
ROIC(5y)11.58%
ROICexc(3y)12.48%
ROICexc(5y)11.99%
ROICexgc(3y)36.74%
ROICexgc(5y)35.13%
ROCE(3y)15.6%
ROCE(5y)14.99%
ROICexgc growth 3Y9.44%
ROICexgc growth 5Y7.97%
ROICexc growth 3Y8.64%
ROICexc growth 5Y9.53%
OM growth 3Y5.23%
OM growth 5Y6.89%
PM growth 3Y0.13%
PM growth 5Y8.3%
GM growth 3Y3.3%
GM growth 5Y2.28%
F-Score6
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 9.04 | ||
| Debt/EBITDA | 2.25 | ||
| Cap/Depr | 177.51% | ||
| Cap/Sales | 5.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 57.44% | ||
| Profit Quality | 48.69% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.45 | ||
| Altman-Z | 3.29 |
F-Score6
WACC7.83%
ROIC/WACC1.69
Cap/Depr(3y)144.93%
Cap/Depr(5y)131.73%
Cap/Sales(3y)4.42%
Cap/Sales(5y)4.17%
Profit Quality(3y)102.41%
Profit Quality(5y)100.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-4.18%
EPS 3Y-2.63%
EPS 5Y-0.46%
EPS Q2Q%-6.93%
EPS Next Y-3.98%
EPS Next 2Y0.05%
EPS Next 3Y1.34%
EPS Next 5Y4.29%
Revenue 1Y (TTM)10.71%
Revenue growth 3Y-3.49%
Revenue growth 5Y-1.25%
Sales Q2Q%0.34%
Revenue Next Year0.08%
Revenue Next 2Y1.19%
Revenue Next 3Y1.64%
Revenue Next 5Y2.11%
EBIT growth 1Y20.29%
EBIT growth 3Y1.56%
EBIT growth 5Y5.55%
EBIT Next Year17.18%
EBIT Next 3Y7.63%
EBIT Next 5Y6.96%
FCF growth 1Y-30.11%
FCF growth 3Y-0.47%
FCF growth 5Y13.92%
OCF growth 1Y-12.42%
OCF growth 3Y1.14%
OCF growth 5Y8.4%
KELLANOVA / KEL.DE FAQ
Can you provide the ChartMill fundamental rating for KELLANOVA?
ChartMill assigns a fundamental rating of 5 / 10 to KEL.DE.
Can you provide the valuation status for KELLANOVA?
ChartMill assigns a valuation rating of 2 / 10 to KELLANOVA (KEL.DE). This can be considered as Overvalued.
What is the profitability of KEL stock?
KELLANOVA (KEL.DE) has a profitability rating of 9 / 10.
What are the PE and PB ratios of KELLANOVA (KEL.DE) stock?
The Price/Earnings (PE) ratio for KELLANOVA (KEL.DE) is 21.16 and the Price/Book (PB) ratio is 6.58.
Can you provide the dividend sustainability for KEL stock?
The dividend rating of KELLANOVA (KEL.DE) is 5 / 10 and the dividend payout ratio is 59.03%.